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20121222
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geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying, get off your couches, get back to washington, and get the deal done. >> sometime
, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us going until february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. we heard a lot about taxes that will increase. what do we really mean? >> reporter: everybody will see their taxes go up. here are three examples. you have a teacher with two kids making $43,000 a year. taxes will go up by $3,000. a member of congress, they make $174,000 a year. their taxes will go up just next year, $7,500. and lebron james, you know, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they re
operations. the extra measures will keep the government from reaching the limit for another two months. >>> weather is the only thing keeping the late steve jobs' yacht from leaving port in a.m. dam. until now it had -- amsterdam. until now it had been impounded by the ship's designer who claim the estate owed him money. the estate paid to resolve that dispute. the yacht will likely stay in port because of weather. the 127 million dollar vessel is headed for california. >>> crab fishermen authority of the bay area will get two more weeks of unwanted vacation. california department of fish and game has moved back the start of the season to january 15th. the season was supposed to begin at start of december for men seen know county and points north. fish -- fish and game says the crab has not yet developed enough meat. >>> 5:17. we want to keep an eye on what is a not storm today, just today. >> we get a break today. >> is that an official weather term, a not storm? >> yes,, okay. >> thanks for pretending along. >> yes, if katie says so, it is to be. is what i was told. good morning, fro
Search Results 0 to 2 of about 3